Analysis
congatec AG reports record order levels
congatec AG, a leading supplier of embedded computer modules, announces that the company has registered record order levels for the first nine months of 2009. For the first time in the history of the company, orders reached a volume of over 10 million Euro. Part of the orders are to be delivered within this current year while the other part will be delivered in the first half of 2010. Growth was particularly strong in the field of low-power computer modules for mobile applications, a market segment from which congatec expects additional high growth in the future.
The Technofonds Bayern (The Bavarian Technology Fund) of Bayern Kapital GmbH, together with a group of lead investors, increased its holding in congatec this summer by one million Euro. This additional investment ensures that the aspired growth is financially secured beyond 2009.